US, India officials signal trade talks stalled, deal faces steep resistance

The stall matters because a US-India trade deal has been treated as a near-term certainty, and both sides are now publicly lowering that expectation. For crypto and RWA markets, the significance is indirect but real: India has been a central node in discussions over digital-asset regulation, cross-border payments and tokenized settlement, and a broader trade thaw was seen as the political cover for deeper financial-market cooperation. The open question is whether the 'final stage' language from the US side reflects genuine progress or a face-saving formula, and whether digital-asset issues remain on the table or get sidelined as the wider deal drags.